Central banks will get inflation under control, but there will be turbulence in the near-term due to monetary tightening and geopolitical risks, top bankers said at a summit in Hong Kong on Wednesday.
Saudi National Bank's investment in Credit Suisse is tactical rather than strategic, its chairman said on Wednesday, adding that the Saudi lender expects to hold its stake in the Swiss bank for at least two years.
Global credit ratings agency Moody's downgraded its outlook for banks in Germany, Italy and four other countries to "negative" from "stable" on Wednesday as Europe's energy crisis and high inflation weaken its economies.
Barclays Plc , which recently made big investments in India and Australia and set up a in July, is evaluating entering new markets but is currently focused on building up its franchises, its top regional executive said.
Monte dei Paschi di Siena is set to raise up to another 112 million euros from investors who bought rights to subscribe to the bank's 2.5 billion euro ($2.5 billion) capital increase not taken up by its existing shareholders, Reuters calculations based on Refinitiv data showed.
Australia's 'Big Four' banks will raise their home loan rates by 25 basis points this month, they said on Tuesday, passing on the full quarter-point interest rate hike announced by the central bank a day earlier.
Hungary's central bank sees no alternative to its inflation target and is ready to use all tools at its disposal to restore price stability, Deputy Governor Barnabas Virag was quoted as saying on Wednesday.
Metro Bank said on Wednesday it returned to profit in September by keeping a tight rein on costs and has so far seen no sign of increased stress among its customers as Britain grapples with higher interest rates and an escalating cost of living crisis.
India's central bank will not immediately release details of a report to the government explaining why it has failed to meet its targets for inflation, Governor Shaktikanta Das said.
